Sanjay Mandavia Committee Members

FAQ – Managing Committee

In the below article we have answers some of the questions which we regularly get from office bearers and members of a cooperative society. 1. Members want election based on position (Chairman, Secretary, Treasurer etc.) Answer: As per Byelaws and Election rules, member elect committee members. It is prerogative of the committee to decide the … Continue reading FAQ – Managing Committee

Sanjay Mandavia Committee Members

Disqualification / Removal of Committee Member/s

The Gujarat Co-operative Societies Act, Rules and Byelaws has various provisions which can be invoked by members / registrar to remove committee members from their position. In this article we have listed down all these provisions. 1. Not Eligible to Continue : Byelaws Section 35 In addition to disqualifications fixed in the bye-laws of the … Continue reading Disqualification / Removal of Committee Member/s

Sanjay Mandavia Co Operative Society, Committee Members

Related Party Transaction in Cooperative Society

Meaning of Related Party Cooperative society does not have definition of Related Party. Section 40A(2) of Income Tax Act 1961 and Companies Act has a definition for the same. In simple terms a related party transaction means: A deal or arrangement made between two parties who are joined by a preexisting business relationship or common … Continue reading Related Party Transaction in Cooperative Society

Sanjay Mandavia Co operative Service Society, Committee Members

Duties and Responsibilities of the Managing Committee

To dispose of an application of becoming a member and to dispose of the application for resignation. To dispose of application for purchase of and transfer of shares.  To make appointments of the Accountants, Estate Manager, Solicitors, Architects, Surveyors, and other required employees of the Society and, to remove them from the designation for some time and … Continue reading Duties and Responsibilities of the Managing Committee

Sanjay Mandavia Co operative Service Society, Committee Members

Duties and Responsibilities of the Secretary

To do all the transactions by keeping the instructions in mind issued by the Chairman from time to time.To call upon the General meeting and the meetings of the committee & sub-committees as per the instructions of the Chairman.To remain present in the meeting of the Committee, Sub-Committees and the General meeting of the society … Continue reading Duties and Responsibilities of the Secretary

Sanjay Mandavia Co operative Service Society, Committee Members

Duties and Responsibilities of the Chairman

 To implement the Resolutions of the General meeting and the Managing Committee through the Secretary. To supervise work of the Secretary and to become responsible for the works done by him. To accept all the mails (Dak) of the society and, after seeing the same, to issue necessary instructions to the Secretary to take action. To deposit the … Continue reading Duties and Responsibilities of the Chairman

Sanjay Mandavia Audit, Co Operative Society, Committee Members

97th Constitutional Amendment: Cooperative Societies

The Constitution (97th Amendment) Act, 2011 relates to the cooperative societies working in India. It aims to overcome all the problems faced by these societies and bring about an efficient way to manage them. The 97th Constitution Amendment Act, 2011 provided for amendment of following things: It amended Article 19(I) c by inserting, after the … Continue reading 97th Constitutional Amendment: Cooperative Societies

Sanjay Mandavia Co Operative Society, Committee Members, Members

Reservation of Seats for Women in Managing Committee of Society

Management of society is taken care of by Managing Committee. For wider representation in co operative, a clause 74BB  was added to Gujarat Co operative Society Act in 1997. As per new clause 74BB, every society will have to reserve seat for women member in their committee as per below. One seat in a committee … Continue reading Reservation of Seats for Women in Managing Committee of Society